The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-10-25
CONDITION OF THE MARKETS
Wheat Declines Slightly, Trading Being
Light and Outside Orders Scarce.
Moderate Business in Corn, Fluctuations
Showing a Narrow Margin-Oats Quiet
Provisions Firmer and Higher.
MONEY, BONDS AND STOCKS.

The New York Market In Possession OF the
"Is-ars." and Lower Prices Rule.
NEW YORK, Oct. 4-Money on call was
easy ut to per cent, closing offered at
per cent
Prime mercantile paper. Gas per cent.
Sterling exchange was dull but firm at 81 81
for sixty day bills and "a s54 for demand.
The total sales of stocks to-day were 252. 1884
shares. including the following Delaware.
Lackawanna a. Western, 6, 30O Lake Shore. 5,740
Louisville s. Nashville 5 425 Missouri Pacific,
10, 400; Northwestern, %, 120 Northern Pacific.
preferred, 10, 500; Oregon g. Transcontinental,
$500; Reading, 80. $50; ST. Paul, 42,350; Union
Pacific, 27 $50; Western Union, 1880.
The stock market was more completely
IN the hands of the 'bears," and was weak
throughout, with reaction worthy or the
name and prices this evening are materially
lower. though the transactions were small IN
comparison with the business done or late.
There news or rumors CT nature TO
affect values, though there was considerable
Western selling on the story that the earnings or
tne Northwestern for last month would snow
decrease, and efforts were made TO depress
Reading with a renewal of the rumor that there
a hitch in the negotiations with the first
terles fves party. There was an utter absence
of support, and this, as usual. in
vted attacks upon the Gould properties,
Missouri Pacific being the special object of at
Eal significance. but were almost entirely con-
hned to the professional element, the room trad
srs Joining in the movement as soon as the drift
Of affairs was seen. report that a Syndicate
stood ready to take the new fours of the Read
ing had some influence for good, late in the day,
ind some signs of a rally seen toward the
close. The opening weak al declines from
Saturdays Anal prices of from TO per cent.
and the weakness not checked, but further
osses were established In the first hour, Mis-
,ouri Pacific being the weakest the list.
The market then remained very dull
and recovered slightly, but Western Union and
Union Pacific led the downward movement in
the afternoon; everything Joined in the decline,
md the lowest prices we're made in the last
hour. Some little improvement was seen but
Tho close was weak, generally at the lowest
hgure The entire active list is lower, and
Manhattan lost %; Missouri Pacific a like
amount: St. Paul aud Union Pacific, 23: North
western and Chicago, Burlington g. Quincy, II;
Omaha ii; Western Union, H. Lackawanna.
Kansas & Texas, and New York Central, II:
Lake Shore and New England 1t. aud others
smaller amounts.
Railroad bonds were dull and heavy to weak in
the forenoon, recovering later In the day. Clos
ing prices however. were lower in a majority of
cases Sales, 1913. 900. Chicago 81 Alton frsts
rose III, to 1l44; Chicago 81 Milwaukee frsts, 1,
10 l22; Milwaukee. Lake Shore q Western
frsts 81, to 1913; Chicago & West Indiana irsts
lost 3, at liz
Government bonds were dull and steady
State bonds were dull and featureless. Clos